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Condensed Financial Information of the Parent Company (Tables)

12 Months Ended

Dec. 31, 2020

	December 31,		December 31,
	2020		2019
ASSETS

Current Assets
Cash and cash equivalents	$	16,172	$	71,991

Total current assets		16,172		71,991

Investment in subsidiaries		181,194,669		170,426,900

Total Assets	$	181,210,840	$	170,498,891

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
Inter-company payable	$	4,287,974	$	4,020,394
Due to related parties		727,433		483,433

Total current liabilities		5,015,407		4,503,827

Derivative liability		1,115,260		-

Total liabilities	$	6,130,667	$	4,503,827

Total stockholders' equity		175,080,173		165,995,064

Total Liabilities and Stockholders' Equity	$	181,210,840	$	170,498,891

	Year Ended
	December 31,
	2020			2019

Revenue		-			-
Selling, general and administrative expenses	$	2,082,743		$	464,108
Loss from Operations		(2,082,743	)		(464,108	)
Equity in earnings of unconsolidated subsidiaries		(3,030,487	)		2,700,039
Loss on derivative liability		(426,055	)		-
Income before Income Taxes		(5,539,285	)		2,235,931
Provision for Income Taxes		(14,717	)		(14,747	)
Net Income	$	(5,554,002	)	$	2,221,184
Other comprehensive income /(loss)		11,798,259			(2,793,585	)
Total Comprehensive Income (loss)	$	6,244,257		$	(572,401	)

	Year Ended
	December 31,
	2020			2019
Net Cash (Used in) Provided by Operating Activities	$	(846,820	)	$	6,730

Net Cash Used in Investing Activities		(2,000,000	)		-

Net Cash Provided by Financing Activities		2,791,000			513,173

Net Increase (Decrease) in Cash and Cash Equivalents		(55,820	)		69,268

Cash and Cash Equivalents - Beginning of Year		71,991			2,723

Cash and Cash Equivalents - End of Year	$	16,172		$	71,991